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This paper assesses the political implications of intra-aquifer heterogeneity in the benefits and costs of optimal groundwater management. We use simulation modeling to predict groundwater extraction regimes under two alternative local decision-making structures and compare these structures to...
Persistent link: https://www.econbiz.de/10010696361
Both developing and developed countries constantly face problems related to ill-defined property rights in common-pool resource systems. These problems are especially acute in water resource ecosystems. Anatural consequence of incomplete property rights is the substitution of market-determined...
Persistent link: https://www.econbiz.de/10010696365